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Rising costs slow South Florida builders' reach for the sky

The rising cost of commercial insurance is giving some developers pause as they plot high-rise projects intended to transform the skylines of South Florida. The increases, which have taken place since 2020, are reportedly hindering the builders' ability to make money on their projects.
United States Fort Myers Fort Lauderdale Florida Atlantic University Palm Beach Amy Beth Bennett

Sonder Holdings Inc. Expands Operations With More Than 25 Newly Opened Buildings in Over a Dozen U.S. Cities

Sonder Holdings Inc. (โ€œSonderโ€ or the โ€œCompanyโ€), a leading next-generation hospitality company that is redefining the guest experience through technology and design, announced today it has added over 25 new buildings across the U.
United States New York Fort Lauderdale Palm Springs San Antonio San Francisco

Luxury Hotel Development Leans More on Having Condos in the Mix

More travel executives get their mission-critical industry news from Skift than any other source on the planet.Tell me more Developers around the world in recent years trimmed back luxury hotel guest room counts in favor of adding condos to a project to boost profitability. Condos will now play an especially important part in helping the luxury hotel sector grow in an uncertain travel climate. Developers didnโ€™t shy away from building or proposing new locations for ultra-luxury hotel brands li...
United States United Arab Emirates France General New York City Of United Kingdom
Source: skift.com

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